Stifel: Concord Music ‘calls Blackstone’s bluff’ over call option
Analysts said the bid may test the strength of HSM’s call option
Analysts said the bid may test the strength of HSM’s call option
Investment company sets out refinancing plans following prolonged double-digit discount
JOHCM’s share disposal reduces ‘irrevocable undertaking’ support bid down to 23.1%
Trust’s board said it would be minded to recommend the proposal to shareholders if a firm offer was made
Proposed deal values Hipgnosis at $1.4bn – a 32.2% premium to its closing price last night (17 April)
Also proposes removal of cap on number of holdings
Board considering options to reduce its ‘material discount’
Disposal comes at a 15% premium to its valuation
Will work alongside portfolio manager Nitin Bajaj
‘The reality is that the first leg of discount narrowing is likely to be reliant on that one factor’
While CT Global Social Bond has been inducted into the Academy of Funds for the first time
JP Morgan Global Growth & Income, Ashoka India Equity and Invesco Bond Income Plus among issuers